June 2017 Preview: Historical Catastrophe ActivityBy Property Claim Services | May 29, 2017
June brings hurricane season to the Atlantic basin, where the season begins officially on the first of the month and continues through the end of November. Forecasters have called for less-than-average tropical activity this season, and there have been no early hurricanes in 2017. Last year, Hurricane Alex made landfall in the Azores in January—which is quite unusual.
For the last ten years, the average monthly catastrophe frequency for June is five. The average June catastrophe generates 323,000 claims with an average insured loss of $1.9 billion. The year 2012 stands out above average, as there were 800,000 claims and an insured loss of $4.7 billion from seven June catastrophes.
Last year, we saw a slightly less-than-average number of catastrophes in June. Property Claim Services® (PCS®) designated four catastrophes that month. In total, they generated only 79,000 claims and $500 million in insured losses.